Special Report 3-Sep-2018
Global markets at a glance The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend. Capping a low-volume, late-summer week marked by tariffrelated volatility, all three major US indexes posted net gains for the period. The indexes were also up for the month of August, with the Nasdaq posting its largest monthly gain since January. Talks between Canada the United States to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour note as the two sides were unable to reach a deal, according to the Wall Street Journal. Asian stocks dipped on Monday on worries about further escalation of the US China trade war and unstable emerging market currencies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan's Nikkei fell 0.4 percent though trade could be subdued due to a US market holiday on Monday. It looks almost certain that Trump will impose 25 percent tariffs on USD 200 billion worth of imports from China. Previous day Roundup The Nifty50 after opening gap down traded in a big range of around 90 points throughout the session and closed flat with a positive bias on Friday. The consolidation for last three consecutive sessions indicated that traders turned cautious after sharp. The index made small bullish candle and formed 'Long Legged Doji' pattern on the daily charts. On the weekly charts, it formed 'Shooting Star' kind of pattern. A typical long-legged Doji pattern is formed when the opening price is almost equal to the closing price but there was a lot of intraday movement on either side.The Nifty50 opened at 11,675.85 and closed at 11,680.50. After opening with negative bias, the index immediately rebounded to hit an intraday high of 11,727.65 but at the end of first one hour of trade it corrected to hit day's low of 11,640.10. Overall it remained rangebound throughout the session. According to Pivot charts, the key support level is placed at 11,637.83, followed by 11,595.17. If the index starts moving upwards, key resistance levels to watch out are 11,725.43 and 11,770.37. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[0.50], Consumption[-7.25pts],PSE[23.90pts],CPSE [11.75pts],Energy[-197.60pts],FMCG[67.55pts],Auto [1.65pts],Pharma[270.40pts],IT[281.55pts],Metal[ 17.25pts],Realty[-0.20 pts], Fin Serv sector[-24.30pts].
World Indices Index
Value
% Change
25,986.92
-0.53
S&P500
2,900.75
-0.04
NASDAQ
8,088.36
-0.26
FTSE100
7,510.03
-0.63
22,882.46 27,882.46
-1.01 -1.01
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Dr Reddys Labs
2,492.00
111.85
4.70
Tech Mahindra
765.80
33.90
4.63
Lupin
931.45
37.80
4.23
Tata Motors
267.50
8.15
3.14
1,046.45
29.90
2.94
CMP
Change
% Chg
343.50 6,747.80 1,241.65 2,856.60 965.30
-18.25 -182.10 -32.80 -70.15 -17.65
-5.04 -2.63 -2.57 -2.40 -1.80
HCL Tech
Top Losers Company
Yes Bank Bajaj Finserv Reliance Bajaj Finance M&M
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ABBOTINDIA
7956.9
313.1
3.93
ALBERTDAVD
514.3
102.85
20
3320.9
-90.9
-2.74
7.2
0.85
11.81
202.65
-0.65
-0.32
Prev. Close
Change
%Chg
27.95 4.6 993.7 19.35 4.75
0 0 -1.8 -0.95 0.2
0 0 -0.18 -4.91 4.21
ATUL CENTEXT CUB
Stocks at 52 Week’s LOW Symbol
AARVEEDEN ABGSHIP ACCELYA AICHAMP AMTEKAUTO
Indian Indices Company
CMP
Change
% Chg
NIFTY
11680.50
3.70
0.03
SENSEX
38645.07
-45.03
-0.12
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Special Report 3-Sep-2018
RECOMMENDATIONS [FUTURE] 1. TATAMOTORS [FUTURE ] The particular counter has bounced backed from its crucial support level of 260 and closed with above its previous resistance level of 265 with good volume it may show some correction today upto the level of 266 so here buy on correction would be a good opportunity so we advice you to around the levels of 265-266 for the targets of 270-274 with stoploss below 263.
2. TITAN [FUTURE] The particular counter is showing a clear sign of reversal from its support level of 882 and closed in a positive note by making a bullish engulf candle from the daily chart its clear that it can resume its bullish trend and this movement may go upto 912 so we advice you to buy titan future around the levels of 897-900 for the targets of 910-920 with stoploss below 890.
STOCK RECOMMENDATION [CASH] PRAKASH [CASH] After reversing from its support level of 133.30 .It formed a Bullish Candle on daily scale and supports are gradually shifting higher. Now it has to continue to hold above 154.40 zones to extend its move towards 160 here we suggest to make a long position around the levels of 156.90-157 for the targets of 160-164 with the stoploss 154.
MACRO NEWS Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 21 points or 0.18 percent. Nifty futures were trading around 11,750level on the Singaporean Exchange. With India's economy growing at a 2-year high of 8.2 percent in the April-June quarter, industry bodies said that it was an outcome of reforms undertaken by the government in the last four years, and revival is on track. The GDP growth in the April-June quarter, which cemented India's position as the fastest growing major economy, came on the back of good performance by manufacturing and farm sectors, according to government data released on Friday. Enthused by 8.2 percent GDP growth in the first quarter of 2018-19, the Finance Ministry expressed the hope that economy may expand at 7.5 percent in the current fiscal. The country's economy is on steady growth path, Economic Affairs Secretary S C Garg said while commenting on the April-June quarter growth number. The robust performance this quarter gives hope that growth could exceed even estimates 7.5 percent this fiscal, he said. He also said that the fiscal deficit will not exceed 3.3 percent of the GDP in 2018-19.
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Special Report 3-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
2,24,575
6,13,160
Mindtree: GHD Digital and Mindtree collaborating on a broad Digital platform targeted to the property and infrastructure sectors. Partnership offers a disruptive approach to connected buildings to dramatically reduce costs and optimize experiences.
42.4
2,12,678
9,16,120
28,400 63.05
1,89,974
8,07,440
Ashok Leyland: Total sales up 27 percent at 17,386 units versus 13,637 units (YoY)
11
12,556
86,20,500
380
5.6
7,760
60,55,000
CE
400
3
7,756
71,92,500
YESBANK
CE
350
14.9
6,804
31,06,250
YESBANK
CE
370
7.85
6,416
40,12,750
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
28,300 95.65
BANKNIFTY
CE
28,500
BANKNIFTY
CE
YESBANK
CE
360
YESBANK
CE
YESBANK
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
NIFTY FUTURE
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
PE
28,000
96.6
2,61,346
BANKNIFTY
PE
27,800 48.05
1,71,561
BANKNIFTY
PE
27,900
69
1,70,566
YESBANK
PE
340 13.55
8,044
YESBANK
PE
330
9.75
5,267
RELIANCE
PE
1,200 14.05
4,816
YESBANK
PE
350 18.15
3,844
The Nifty50 after opening gap down traded in a big 8,71,640 range of around 90 points throughout the session and 6,01,280 closed flat with a positive bias on Friday. The consolidation for last three consecutive sessions 4,83,360 indicated that traders turned cautious after sharp. The 32,53,250 index made small bullish candle and formed 'Long 21,29,750 Legged Doji' pattern on the daily charts. so we suggest to maintain a long position in nifty future from the level of 11,36,000 11730-11740 for the targets of 11800-11850 with 19,09,250 stoploss below 11700.
YESBANK
PE
300
3,683
25,09,500
3
Open Interest
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
25552
2451.07
38380
3560.95
INDEX OPTIONS
700739
71231.24
684296
STOCK FUTURES
195955
14028.01
STOCK OPTIONS
107484
8131.13
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
216905
19081.03
-1109.8888
69624.92
631049
57175.17
1606.3129
209716
15013.43
1110857
85945.02
-985.4204
106983
8113.93
53820
4106.28
17.1981 -471.7982
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11769.00
11724.00
11682.00
11637.00
11595.00
BANKNIFTY
28269.00
28165.00
28052.00
27948.00
27835.00
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Special Report 3-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30200 TGT 30300 30500 SL BELOW 30100 SELL GOLD OCT FUT BELOW 30000 TGT 29900 29700 SL ABOVE 30100
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 36700 TGT 36900 37200 SL BELOW 36500 SELL SILVER SEP FUT BELOW 36400 TGT 36200 35900 SL ABOVE 36600
COMMODITY ROUNDUP WTI Crude oil futures soared near four week high after US crude oil inventories decreased according to the US Energy Information Administration (EIA) data. According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.5 million barrels during the week ending Aug. 24. In the previous week ending Aug. 17, EIA reported a draw of 5.8 million barrels. The commercial crude oil inventories excluding SPR was 11.4% below the levels of the same week last year. The commodity also benefited from supportive US equities and currently trades at 69.69 per barrel, up 0.26% on the day. MCX Crude soared 2.50% to end at Rs 4931 per barrel as Rupee weakness boosted the counter further.US crude oil refinery inputs averaged 17.56 million barrels per day in the last week, which was 326,000 barrels per day lower than the previous week's average. MCX Zinc futures soared sharply this week amid a positive undertone in equities globally and continued weakness in Indian Rupee. The commodity tested near three week high of Rs 180 per kg before some profit selling emerged. Further weakness is expected in the metal as copper is correcting now. Losses should be limited though as Zinc has been well supported in global markets recently on depleting Chinese Zinc inventories. Shanghai Zinc inventories have been declining constantly making the buyers smell opportunities of another round of smart picking. There has been tumble of around 12% in the Zinc inventories to 30,800 tonnes last week. This is the lowest since October 2007. Meanwhile, the Indian Rupee has stayed weak, keeping the undertone positive for locally trades commodity futures recently. Yesterday, the INR had retreated sharply to hit a record low of 70.60 against the dollar, plunging by 50 paise on the day. The aluminum market has been thrust into a period of uncertainty that has become a feature of the trade in recent months because of tariffs and sanctions, a situation that seems unlikely to change.The lack of clarity began in April, when the US announced sanctions against several Russian individuals and companies, including aluminum producer UC Rusal. LME aluminum value declined for the first in six sessions in Asian exchanges on Thursday, after US President Donald Trump permitted help on aluminum moment from Argentina. US President, who put in put taxes on steel and aluminum imports, marked announcements permitting the quantities on steel from South Korea, Brazil and Argentina and on aluminum from Argentina, the US Commerce Office said in a articulation.
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Special Report 3-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9600 TGT 9650 9700 SL BELOW 9570 SELL GUARGUM OCT FUT BELOW 9500 TARGET 9470-9440 SL 9550.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1624 4646 3847 4684 1666 4390
0.68 0.72 -1.13 2 0.6 2.91
19165
-0.9
3990 3225 6804
0.18 -0.03 0.03
Jeera Mustardseed Soy Bean Turmeric
A mixed trend was seen in Indian agri market today as spices counters witnessed sharp gains, while weakness was seen in pulses and grains market. On the other side, commodities like guarseed and cotton oil seed cake have also garnered some buying interest.
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4700 TGT 4730 4760 SL BELOW 4670 SELL DHANIYA SEP FUT BELOW 4540 TARGET 4500-4470 SL 4570
In today's trading, the NCDEX Chana futures settled down by 0.68% due to subdued demand in spot markets after recent correction. Good demand has emerged in spices market as jeera prices have rebounded from lower levels. In ready markets, exporters have reported strong inquiries from last one week from Middle East and European countries. The market sources added that weak stocks of Jeera in local mandies have also supported the current rally. The NCDEX September futures added 0.90% today to settle at Rs 19145 per quintal. On the other side, poor supplies of Turmeric in local mandies of Nizamabad and Erode have aided the prices in both spot and futures market. The exporters have also shown strong interest. The NCDEX Turmeric September futures gained 0.50% to close at Rs 6802 per quintal.Strong buying interest was also seen in Guarseed in today's trading as most of the speculators are expecting some decline in Guarseed crop in the current season. The NCDEX Guarseed October futures settled at Rs 4171 per quintal, up 0.49% on the day after hitting highs above Rs 4230 per quintal in intraday moves.As per official trade data, Indonesia will keep the export tax for cocoa beans at 5 percent and for crude palm oil (CPO) at zero in September. The data stated that export tax for cocoa has been set at 5 percent since July, while exports of CPO have not been taxed in over a year. The global pepper market remained quiet last week with limited trading activity. In India and Sri Lanka however, price has moved up by around 7-8% with the Kerala flood situation triggering a massive surge in Indian markets.
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Special Report 3-Sep-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.7329 Yen
63.3400
Euro
82.7184 GBP
92.1518
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 71.30 TGT 71.60 71.90 SL BELOW 71.00 SELL USDINR BELOW 71.00 TGT 70.70 70.40 SL ABOVE 71.30
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 92.70 TGT 93.00 93.30 SL BELOW 92.40 SELL GBPINR BELOW 90.20 TGT 89.90 89.60 SL ABOVE 90.50
The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 94.45 by 03:57 AM ET (07:57 GMT), not far from Tuesday’s one-month lows of 94.34. Market sentiment continued to be supported by hopes that Canada will join the new trade agreement between the U.S. and Mexico aimed at overhauling the North American Free Trade Agreement ahead of a Friday deadline.But the new trade deal did little to indicate how a trade spat between the U.S. and China will play out after talks last week ended with little progress and both countries slapped fresh reciprocal tariffs on imports.Sterling was steady after rising above the 1.30 level against the dollar for the first time in three weeks on Wednesday after European Union negotiator Michel Barnier said the bloc was prepared to offer Britain a partnership after Brexit.GBP/USD was at 1.3028 after gaining 1.23% in the previous session, its largest one-day percentage gain since March 21.The pound was also stronger against the euro, with EUR/GBP edging down to 0.8982 after ending the previous session with a loss of 1.09%. The Indian rupee collapsed to lifetime closing lows against the dollar following heavy month-end dollar demand from importers and foreign capital outflows. The domestic currency, having traded comfortably below the Rs 70/$ mark since late last week, slipped to an intra day low of 70.65 today before closing the day at 70.57, logging its biggest single-day drop since August 13. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure. Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency. Meanwhile, the dollar rose against a basket of major currencies after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of a deadline in the China-U.S. trade dispute.
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Special Report 3-Sep-2018
Date
Commodity/ Currency Pairs
31/08/18
NCDEX DHANIYA
SEP
31/08/18
NCDEX DHANIYA
31/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
BUY
4660
4690 4720
4630
NOT EXECUTED
SEP
SELL
4540
4500-4470
4570
SL TRIGGERED
NCDEX GUARGUM5
OCT
BUY
9250
9280 9310
9220
NOT EXECUTED
31/08/18
NCDEX GUARGUM5
OCT
SELL
8820
8770-8720
8850
NOT EXECUTED
31/08/18
MCX GOLD
OCT
BUY
30250
30350 30550
30150
TARGET HIT
31/08/18
MCX GOLD
OCT
SELL
30150
30050 29850
30250
OPEN
31/08/18
MCX SILVER
SEP
BUY
37200
37400 37700
37000
NOT EXECUTED
31/08/18
MCX SILVER
SEP
SELL
36800
36600 36300
37000
OPEN
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
31/08/18
NIFTY
FUTURE
BUY
11750-11800
11700-11750
11600
CLOSED AT 11730
31/08/18
DIVISLAB
FUTURE
SELL
1300-1302
1315-1330
1288
NOT EXECUTED
31/08/18
HINDUNILVER
FUTURE
BUY
1772-1774
1765
TARGET HIT
31/08/18
SREINFRA
CASH
SELL
58-60
50
OPEN
1782
53.85-54.10
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Special Report 3-Sep-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, SEPT. 3 Labor Day holiday None scheduled TUESDAY, SEPT. 4 9:45 am
Markit manufacturing PMI final
Aug.
54.5
10 am
ISM manufacturing index
Aug.
58.1%
10 am
Construction spending
July
-1.1%
Varies WEDNESDA Y, SEPT. 5
WEDNESDAY, SEPT. 5
8:30 am
Trade deficit
WEDNESD WEDNESDAY, SEPT. AY, SEPT. 5 5 July
WEDNESDAY, SEPT. 5
WEDNESDAY , SEPT. 5 -$46.3bln
THURSDAY, SEPT. 6 8:15 am
ADP employment
Aug.
219,000
8:30 am
Weekly jobless claims
9/1
--
8:30 am
Productivity
Q2
2.9%
8:30 am
Unit labor costs
Q2
-0.9%
9:45 am 10 am
ISM nonmanufacturing index
10 am
Factory orders
Aug.
55.7%
July Disclaimer
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